In the Trading Cockpit with the O'Neil Disciples: Strategies That Made Us 18,000% in the Stock Market

by Gil Morales

The hands-on guide to implementing the O'Neil trading method, for traders and investors everywhereWilliam O'Neil + Company is an internationally respected Registered Investment Advisor, and "Trade Like an O'Neil Disciple How You Can Make 18,000% in the Stock Market" translates the strategies that have made it a success for investors everywhere. Written by two former employees who have spent years building their own trading techniques based on the O'Neil model, this is the hands-on self-study follow up to their powerhouse first book "Trade Like an O'Neil How We Made 18,000% in the Stock Market." This new companion book is a step-by-step guide to implementing these tried and true trading methods into a home trading system under various market conditions.Using real trades and including set ups with buy, add, and sell points for both winning and losing scenarios, the book enables readers to put practical methodologies to work in their own portfolios. Incorporating examples from authors Gil Morales and Chris Kacher's own experiences trading with real money, so that readers can follow in their footsteps, the book is a hands-on guide to implementing the O'Neil trading system and generating consistent profits using real-life examples and practice exercises.Presents exciting new trading techniques built on the methodologies used by William O'Neil + Company that traders and investors can implement in their own investmentsExplains strategies in detail, including techniques for buying pocket pivots, gap-ups, and including a market direction timing model, as well as techniques for shorting stocksIncludes examples and practice charts that outline how readers can find and make the same trades that the authors have performed in their professional livesWritten by established experts and former O'Neil employees Gil Morales and Chris Kacher, "Trade Like an O'Neil Disciple Course" is an invaluable guide to implementing proven profit-making strategies.

Genres: Finance

432 pages, Kindle Edition

First published November 30, 2012

Reviews

[Jim · Rating 4 out of 5]

This is a pretty good book with pretty good examples of Morales/Kacher's pocket pivot buy point, buyable gap-up purchases, and significant emphasis on using stock price action and volume of shares traded to guide all investment decisions.

The authors also make an excellent point about the difference between buying as a consumer versus buying as a trader or investor. Stated simply, don't buy a stock with the intent of seeking the lowest price. That strategy might work for buying sweaters and other goods/services but it's not the O'Neil Disciples trading strategy.

There is significant emphasis on risk management, selling stocks early if their stock price action doesn't do what you wanted, and lots of chart examples and exercises dealing with pivot points and buyable gap-ups.

I read this book on Nook. I don't know for sure but the charts may be a little clearer in a printed edition. I still like ebooks more than a paper book so it wasn't that big of a deal to me.